BTC / USD TA
Today we are presented with what is clearly a widening wedge forming on 4H Chart. What does this mean? It means that if within next day or two we don't see substantial break above resistance of $12,000 we can easily end up correcting back towards $9,000 zone or potentially lower.
Volume has been picking up at times however bears seem to be wanting to push it down towards $11,500 where they have control.
Keep an eye on resistance levels for next few hours, days.